BlockBeats News, October 20th, according to market data, today announced a $110 million private placement to launch the BERA Treasury Strategy, causing pre-market trading of the U.S. listed company Greenlane Holdings (GNLN) to rise by 33.59% to $5.13.
It is worth noting that based on the previous trading day’s closing price of $3.84, GNLN’s market value was only $5.3244 million.
Greenlane Holdings is mainly engaged in the development, distribution, and sale of high-end tobacco accessories, packaging, e-cigarette solutions, and lifestyle products, with business operations covering the United States, Canada, Europe, and Latin America.
As previously reported by BlockBeats, Greenlane Holdings’ $110 million PIPE financing this time includes approximately $50 million in cash and BERA tokens worth about $60 million.
